M&A
confidence high
sentiment neutral
materiality 0.60
Powerdyne Intl acquires Creative Motion Technology for $1.5M in Series A Preferred Stock
POWERDYNE INTERNATIONAL, INC.
- Acquired 100% of Creative Motion Technology, LLC from its owner James F. O'Rourke, who is also Powerdyne's CEO and sole director.
- Purchase price: 2,000,000 shares of Series A Preferred Stock valued at $1,500,000.
- CM Tech designs custom industrial servomotors for semiconductor robotics; also includes Frame One picture framing shop.
- Transaction exempt from registration under Section 4(2) and Rule 506; no public offering involved.
- Powerdyne will file required financial statements for the acquired business within 71 days.